If history is any guide, there may be trouble ahead for shares of Allegion (NYSE:ALLE). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Over the past 3 months, 5 analysts have published their opinion on Allegion (NYSE:ALLE) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Allegion (NYSE:ALLE) reported its Q3 earnings results on Thursday, October 21, 2021 at 05:30 AM.
Here's what investors need to know about the announcement.
Earnings
Allegion beat their estimated earnings by 20.0%, which surprised analysts.
Allegion PLC (NYSE:ALLE) reported a third-quarter FY21 revenue decline of 1.6% year-over-year to $717 million, missing the consensus of $717.89 million.…
Companies Reporting Before The Bell
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Over the past 3 months, 6 analysts have published their opinion on Allegion (NYSE:ALLE) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Wells Fargo analyst Joseph O'Dea initiated coverage of building products companies Johnson Controls, Allegion, Trane Technologies and Dover, and Carrier Global.